SRSL Srs Labs, Inc. (MM)

SRS Labs (NASDAQ:SRSL), a leading supplier of surround sound, audio, and voice technologies, today announced the hiring of a new sales representative for the Taiwan region and the addition of a regional sales executive in Europe as part of an ongoing corporate commitment to focus on the company's core business of audio intellectual property licensing and to provide local support for its customers around the globe. As part of its expansion plans, SRS Labs announced the appointment of sales representative Eunice Yu for SRS Labs in the Taiwan and greater China region. Yu is based in Taipei and will focus on continuing to build and enhance relationships with manufacturer and design firm partners in the region. Yu will report directly to Ricky Wong, SRS Labs' regional manager for the greater China region. Eduard Vendrell is also joining SRS Labs as a sales executive for the European region. Based in Spain, Vendrell will report directly to SRS Vice President of Sales and Licensing, Michael Franzi. "Eunice impressed us with her strong grasp of SRS Labs' innovative role in the marketplace," said Wong. "With an extensive sales and marketing background in the mobile, integrated circuits, home entertainment, digital music player, and notebook markets, her broad expertise is a natural fit." "Eduard's experience in the television and automotive markets are a perfect match for us," said Franzi. "That knowledge, coupled with a strong mix of technical and business expertise, will help us build even better relationships with our customers throughout Europe. We believe we are at the beginning of our growth in Taiwan and Europe for SRS technology, and this expansion of our global sales team will enable us to improve the local support of our customers in these key regions." About SRS Labs, Inc. SRS Labs develops advanced audio and communications technology that optimizes and improves the listening experience through techniques based on the latest research into the human auditory system. With over 600 million products shipped worldwide, SRS Labs is a leader in audio. Incorporated in products ranging from HDTVs and mobile phones to PCs and automotive entertainment, SRS Labs audio and speech signal processing provides the best possible sound on every form factor and in every environment. SRS Labs surround sound solutions enable the professional broadcast and recording industries with high-performance production, back-haul, storage, and transmission capability. SRS Labs supports manufacturers worldwide with offices in the US, China, Japan, and Korea. Except for historical information contained in this release, statements in this release, including those by Mr. Wong and Mr. Franzi, may constitute forward-looking statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events that are based on management's belief, as well as assumptions made by, and information currently available to, management. While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that the Company's goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect the Company's actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the Company. Some of these factors include the acceptance of new SRS Labs' products and technologies, the impact of competitive products and pricing, the timely development and release of technologies by the Company, general business and economic conditions, especially in Asia, and other factors detailed in the Company's Form 10-K and other periodic reports filed with the SEC. SRS Labs specifically disclaims any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.